Friday, March 4, 2005
Yahoo's music business launches into the stratosphere
From Rafat Ali's new digital music/Paid Content/Billboard blog, here are some staggering numbers from a speech given by my Harvard classmate, Dave Goldberg, who is the GM for Music at Yahoo.Yahoo bought his Santa Monica startup Launch a few years ago and is consolidating its content business there since Sunnyvale isn't quite the heart of content like LA or NY are.
His killer line: The playlist is the killer app in music...
Some interesting stats on Yahoo music:
-- It is serving about 350 million videos a month. It had about 3.5 billion streams last year, and that figure more than doubles every year.
-- Online radio has about 7.5 million users...each user uses about 7 hours of music a month. About one billion songs are served per month...